Offshore Wind EnergyProjects in Taiwan

Eike Rietzrauwpd offshore Solutions25.04.2017

wpd group – facts

4,100 MW installed capacity

2,080 wind turbines erected

1,800 members of staff

Project pipeline of 7,500 MW wind onshore

Project pipeline of 5,400 MW wind offshore

Project pipeline of 300 MW photovoltaic

In 18 countries

wpd group – structure

Developer & Independent RenewablePower Producer (IRPP)

Commercial & technicalmanagement of wind farms

Maintenance and repair ofwind turbines,O&M services

wpd AGDeutsche Windtechnik AG

wpd windmanager

GmbH & Co. KG

Broad coverage of the wind value chain

business model

• Site evaluation• Project planning• Permission process• EIA investigation• Technical planning

• Commercial & legal structuring

• Financing of project development

• Calculations/ financial modelling

• Project finance (syndication of debt facilities)

• Negotiations with contractors

• Project management (time schedule, quality, costs)

• Sale of projects through tender processes

• Sale of projects to strategic or financial buyers

• IRPP (own capacity 1,370 MW)

• Commercial management (bookkeeping, insurance, banks, etc.)

• Technical management (O&M management, manufacturers, service providers)

Greenfielddevelopment

Structuring & financing

Tendering & construction

Sale / IRPP Wind farm management

wpd AG offices

SwedenStockholm

FinlandEspoo

PolandPoznań

SwitzerlandZurich

CroatiaDubrovnik

SpainValladolid

DenmarkAarhus

RomaniaGalați

ItalyRome

FranceBoulogne-BillancourtLimogesNantesParis

GermanyBremenBietigheim-BissingenBad KreuznachDüsseldorfHamburgKasselLeipzigMunichOsnabrückPotsdamRostockSchleswig

ChileSantiago de Chile

CanadaMississauga

TaiwanTaipeh

USAPortland

200 project team members, combining the record of developing 21 offshore wind farms with the construction experience of 3 offshore wind projects

wpd offshore

Project execution

Logistics andO&M services

Asset /ownership

Projectdevelopment

wpd offshore

• Development of a diversified offshore-wind-farm-portfolio

• Extensive expertise in project and construction management as well as logistics and O&M services

• Ownership and operation at later stage together with investment partners

Strategy

Team

wpd offshore

project developmentwpd projects wind offshore

GermanyBaltic 1 (48,3 MW)*

Butendiek (288 MW)

Nordergründe (111 MW)

Kaikas (581 MW)

Gennaker (640 MW)

TaiwanGuanyin (250 MW)

Taoyuan (150 MW)

Changhua (200 MW)

Yunlin (700 MW)

France

Courseulles (450 MW)

Fécamp (498 MW)

Dunkerque (500 MW)

Oléron (500 MW)

Sweden

Storgrundet (420 MW)

FinlandSuurhiekka (480 MW)

Project stages (total output)

in operation (336.3 MW)

under construction (111 MW)

approved and in the procurement process (948 MW)

approved (1,481 MW)

participation in tender process (1,000 MW)

early approval stage (1,940 MW)

* Sold – wpd was further involved in the construction management

• Total capacity of 288 MW

• Total investment volume Euro 1.3 bn

• Project debt finance by 12 financial institutions

• Located 32 km west of island of Sylt

• Low water depth (17 - 22 m)

• In operation since 2015

reference: Butendiekproject overview

4 EPCI Contracts:Turbines: 80 x Siemens SWT 3.6-120

Foundation: Ballast Nedam Offshore

OSS: Cofely Fabricom GdF Suez

Cabling: Visser Smit Marine Contracting

on time and in budget

• Total capacity: 111 MW

• Total investment volume: Euro 411 mio

• Debt finance: EIB + KfW IPEX Bank

• Full commissioning in the end of 2017

• wpd manages the project during procurement, construction and operation and remains long term shareholder

• Nearshore location (distance to coast: 15 km, low water depth < 10.3m)

reference: Nordergründe „Nearshore“project overview

Multicontracting:Turbines: 18 x Senvion 6.2M126 Offshore

Foundation: Ambau

OSS: Multicontracting

Cabling: NSW

Installation: Bilfinger Marine Offshore

Experienced, local suppliers

20

wpd Taiwan

• Office Location: Taipei

• Employees: ca. 70

• Founded in 2000 as InfraVest in Taipei

• Part of wpd group since beginning of 2016

• Business fields onshore wind, offshore wind, photovoltaic

• The first private wind power company in Taiwan

• Market share onshore wind 50%

Opportunities

Opportunities

high need for energy – dependent on import

wide political support for offshore wind

development opportunities match well with wpd’s strengths

fixed feed-in-tariff for 20 years

Offshore Wind Targets:

Short term target: 4 demo WTGs in 2016 (2 installed until today)

Mid term target: 520 MW by 2020

Long term target: 3’000 MW by 2025

Challenges

Natural and market challenges:

• Typhoons

• Earthquakes

• Unusual wind regime

• Lack of offshore experience combined with requirement for local content

• Long distance from European offshore industry

wpd offshore developments in Taiwan

• off Yunlin coast• ca. 500 – 700 MW

OWF Yunlin

• off Changhua coast• ca. 150 - 200 MW

OWF Changhua North

• potential Site No. 2• ca. 250 MW

OWF Guanyin

• potential Site No. 3• ca. 100 - 150 MW

OWF Taoyuan-Hsinchu

Eike Rietzrau

wpd offshore solutions GmbH

Stephanitorsbollwerk 3

Haus LUV

28217 Bremen

Germany

Phone: +49 (421) 168 66 10

Fax: +49 (421) 168 66 66

E-mail: info@wpd.de

Web: www.wpd.de

Contact